FM Nirmala Sitharaman attends 6th Annual Meeting of Board of Governors of New Development Bank via video-conference

FM Nirmala Sitharaman attends 6th Annual Meeting of Board of Governors of New Development Bank via video-conference

FM Nirmala Sitharaman attends 6th Annual Meeting of Board of Governors of New Development Bank via video-conference

Union Minister of Finance & Corporate Affairs and India’s Governor in New Development Bank (NDB), Smt. Nirmala Sitharaman attended the 6th Annual Meeting of Board of Governors of New Development Bank through video-conference in New Delhi. The meeting was also attended by Governors/Alternate Governors of Brazil, China, Russia and South Africa.

Theme of 6th Annual Meeting of Board of Governors of New Development Bank (NDB)

Due to the current pandemic, this Annual Meeting of NDB was organized in virtual mode. This year's Annual Meeting theme was “New Development Paradigms: The Evolution of Infrastructure” which is well aligned with its mandate.

About -  New Development Bank (NDB)

New Development Bank (NDB), a multilateral development bank was set up by the BRICS countries (Brazil, Russia, India, China, and South Africa) in 2014 with the objective of mobilizing resources for infrastructure and sustainable development projects in the BRICS as well as other EMDCs of the world. The Bank has been operationalised in 2015, with its Headquarters in Shanghai, China. NDB has so far approved 18 projects of India for an amount of $6,924 million.

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